Current Use by Public Records
- Sol Dance Center / Training Center
- New Shanghai Foot Care / Alternative Medicine Practice / Spa & Massage Center
- Taylored Fitness NY Ltd. / Gym & Fitness Center
- Dance Matters NYC / Training Center
Property Details for 30-16 Steinway St
- Property type
- Retail properties & Spaces
Description
This exceptional commercial property at 30-16 Steinway Street in Queens, New York, presents a lucrative investment opportunity. The 3,625 square foot building features two commercial units across two stories, situated on a 2,268 square foot lot. The property is zoned C4-2A and boasts high visibility frontage on Steinway Street, directly off the corner of 30th Avenue. The ground floor unit offers significant income potential, with projections of $16,000 per month in rental income. The second floor is currently occupied by a salon under a lease with nine years remaining, generating $4,680 in monthly rent and featuring a 4.0% annual rent increase. Annual property taxes are $20,000. This prime location offers easy access to major transportation arteries, including the Grand Central Parkway and the Brooklyn-Queens Expressway, and is conveniently located near several subway lines (N, W, M, R). This property is ideal for investors seeking a strong return on investment in a high-traffic area of Queens. The combination of a well-performing existing tenant and the potential for increased income from the ground floor makes this a compelling opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9155
- Latitude
- 40.7636
